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Actress Rose Byrne is in talks to join Cameron Diaz in a revamped version of beloved movie musical Annie.

The Bridesmaids star has been tapped to portray Grace in the role made famous by Anne Reinking in the classic 1982 film, according to Eonline.com.

If she signs on, it will be Byrne's debut in a big screen musical. She will appear alongside Diaz as cruel orphanage boss Miss Hannigan, Jamie Foxx as the rich Daddy Warbucks character, who will be renamed Benjamin Stacks, and child star Quvenzhane Wallis in the title role.

Will Smith and rap mogul Jay-Z are attached to produce the project, which is scheduled for release next Christmas (Dec14).